EUR/JPY SELL OPPOTUNITY VIEW......
💹EUR/JPY ⏬SELL @ 132.227 (( SCALPING ENTRY ))
✅TP-1# 131.881
✅TP-2# 131.573
⛔️SL 132.600
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Eurjpysell
EurJpy- Sell rallies for 130 breakEurJpy has had a strong 7 months bull run lasting till the beginning of June
After breaking under trend line support, on 25th of June retested and confirmed the break and has started to roll back down.
At this point the pair is trading just above psychological 130 support and above 129.70 technical one and I expect a break under and continuation.
I will look to sell rallies for a 127 target and only EurJpy above 131.50 would negate my bearish outlook
EURJPY - FOREX - 29. JUNE. 2021Welcome to our weekly trade setup ( EURJPY )!
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1 HOUR
Slowly droping market structure.
4 HOUR
Overall bearish market.
DAILY
Expecting further downside pressure!
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FOREX SETUP
SELL EURJPY
ENTRY LEVEL @ 131.630
SL @ 132.550
TP @ 130.350
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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ALAN
EURJPY, 4hr tf, sell on confluence of resistance
Last pair for JPY crosses is EURJPY.
It is now on area of confluence resistance. Not only horizontal resistance but also EMA-50. If you draw fibonacci retracement from ii to iii you will see we're around 61.8 fibonacci retracement as well.
Check my NZDJPY and AUDJPY sell setup as well if you follow this.
Sell EURJPY 132.15
Stop loss 132.70
Take profit 129.70 (4.45R)
Use only 1-2% risk
Good luck
EURJPY Expecting More DownAs we can see on the EURJPY daily time frame the last couple of month, Bull keep the market up three times consistently, and the EUR was getting strong against YEN. After the G7 Meeting and Federal Reserve Meeting, the EUR is getting weaker slowly. Now it's time to Bean in the market and makes strong the YEN. In another case scenario, we haven't seen JPY strong the last couple of months, so in my guess, this is the start.
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Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions